Castleton Investment Management LLC raised its position in Duke Energy Corporation (NYSE:DUK) by 47.3% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 328,338 shares of the utilities provider’s stock after acquiring an additional 105,401 shares during the period. Duke Energy Corporation makes up about 9.6% of Castleton Investment Management LLC’s holdings, making the stock its 2nd largest position. Castleton Investment Management LLC’s holdings in Duke Energy Corporation were worth $27,445,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in DUK. Mason Street Advisors LLC grew its stake in Duke Energy Corporation by 2.6% in the first quarter. Mason Street Advisors LLC now owns 96,681 shares of the utilities provider’s stock valued at $7,929,000 after acquiring an additional 2,437 shares during the period. Pacer Advisors Inc. grew its stake in Duke Energy Corporation by 6.1% in the first quarter. Pacer Advisors Inc. now owns 14,932 shares of the utilities provider’s stock valued at $1,225,000 after acquiring an additional 856 shares during the period. Nordea Investment Management AB grew its stake in Duke Energy Corporation by 14.4% in the first quarter. Nordea Investment Management AB now owns 31,486 shares of the utilities provider’s stock valued at $2,582,000 after acquiring an additional 3,954 shares during the period. Bruderman Asset Management LLC grew its stake in Duke Energy Corporation by 145.6% in the first quarter. Bruderman Asset Management LLC now owns 59,490 shares of the utilities provider’s stock valued at $4,879,000 after acquiring an additional 35,266 shares during the period. Finally, Trust Co. of Toledo NA OH grew its stake in Duke Energy Corporation by 1.9% in the first quarter. Trust Co. of Toledo NA OH now owns 21,684 shares of the utilities provider’s stock valued at $1,778,000 after acquiring an additional 404 shares during the period. 56.29% of the stock is owned by hedge funds and other institutional investors.
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Shares of Duke Energy Corporation (NYSE DUK) opened at $91.09 on Wednesday. The company has a market capitalization of $62,913.80, a price-to-earnings ratio of 20.20, a P/E/G ratio of 4.91 and a beta of 0.26. Duke Energy Corporation has a fifty-two week low of $72.34 and a fifty-two week high of $91.14. The company has a current ratio of 0.71, a quick ratio of 0.41 and a debt-to-equity ratio of 1.17.
Duke Energy Corporation (NYSE:DUK) last issued its quarterly earnings results on Friday, November 3rd. The utilities provider reported $1.59 EPS for the quarter, topping the Zacks’ consensus estimate of $1.56 by $0.03. The business had revenue of $6.48 billion for the quarter, compared to analyst estimates of $7.43 billion. Duke Energy Corporation had a return on equity of 7.54% and a net margin of 9.09%. Duke Energy Corporation’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period last year, the company posted $1.68 earnings per share. analysts anticipate that Duke Energy Corporation will post 4.56 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Friday, November 17th will be issued a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $3.56 dividend on an annualized basis and a yield of 3.91%. Duke Energy Corporation’s dividend payout ratio (DPR) is currently 117.49%.
In related news, EVP Lloyd M. Yates sold 5,000 shares of Duke Energy Corporation stock in a transaction on Monday, November 13th. The stock was sold at an average price of $89.95, for a total transaction of $449,750.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.07% of the company’s stock.
A number of equities research analysts have commented on DUK shares. Zacks Investment Research cut Duke Energy Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Citigroup Inc. raised their target price on Duke Energy Corporation from $74.00 to $77.00 and gave the company a “sell” rating in a report on Tuesday, October 17th. BidaskClub upgraded Duke Energy Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Morgan Stanley raised their target price on Duke Energy Corporation from $87.00 to $89.00 and gave the company an “equal weight” rating in a report on Thursday, August 10th. Finally, KeyCorp restated a “hold” rating on shares of Duke Energy Corporation in a report on Friday, September 1st. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $86.90.
Duke Energy Corporation Profile
Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.
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